548,505 Shares in THOR Industries, Inc. (NYSE:THO) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in THOR Industries, Inc. (NYSE:THO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 548,505 shares of the construction company's stock, valued at approximately $52,497,000. Raymond James Financial Inc. owned 1.03% of THOR Industries at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of THO. Atala Financial Inc acquired a new stake in THOR Industries in the 4th quarter valued at approximately $27,000. First Horizon Advisors Inc. increased its position in THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after acquiring an additional 121 shares during the period. Brown Brothers Harriman & Co. raised its stake in THOR Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after purchasing an additional 329 shares during the last quarter. Anchor Investment Management LLC bought a new stake in THOR Industries in the 3rd quarter valued at $58,000. Finally, Stonebridge Financial Group LLC acquired a new stake in THOR Industries in the 4th quarter worth $51,000. 96.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup lowered THOR Industries from a "buy" rating to a "neutral" rating and lowered their price target for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. DA Davidson raised THOR Industries to a "hold" rating in a research report on Monday, April 14th. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and boosted their price target for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Baird R W downgraded shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Truist Financial lowered their target price on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $87.57.

THOR Industries Price Performance

Shares of NYSE THO traded up $1.01 during mid-day trading on Friday, hitting $69.06. 693,638 shares of the stock were exchanged, compared to its average volume of 625,209. THOR Industries, Inc. has a twelve month low of $63.16 and a twelve month high of $118.85. The stock's fifty day simple moving average is $83.38 and its two-hundred day simple moving average is $97.04. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The company has a market cap of $3.67 billion, a P/E ratio of 17.66, a PEG ratio of 1.16 and a beta of 1.59.

THOR Industries (NYSE:THO - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company's revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 earnings per share. As a group, analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries's payout ratio is presently 53.05%.

THOR Industries Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.